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December 01, 2008
Hard Times for the Industry
Financial weakness is spreading from the biggest banks to smaller community institutions, the FDIC reported.
ABA Urges Mark-to-Market Reforms
The ABA has urged quick action to correct problems caused by mark-to-market accounting.
November 10, 2008
CPP Cash: Can You Use It For?
Some officials say you can use CPP funds for mergers. More officials say you shouldn’t.
Treasury Adds CCP Forms, Promises Help for Private Banks
The Treasury released forms to help publicly traded banks to sign up for CPP money. At the same time, it promised it would shortly provide forms and rules for privately owned institutions.
Banks Tighten Credit Terms
Despite strong urging from the government to lend, banks continued their dramatic tightening of underwriting standards for businesses and consumers over the past three months.
November 03, 2008
Gloom at the FOMC
If you’re seeking good economic news (and who isn’t?) the Federal Open Market Committee’s recent statement is not the place to look.
October 20, 2008
Treasury Implements Bank Capital Program
The Treasury Department will inject capital into “a broad array of banks and thrifts.” It started with big injections into big institutions.
September 08, 2008
Beige Book Blues Continue
The latest Beige Book report from the Fed has little in the way of good news.
September 01, 2008
Profits Down in Rough Quarter
“By any yardstick, it was another rough quarter for bank earnings,” FDIC Chairman Sheila Bair reported.
August 25, 2008
NCUA Reports on First Half
Credit union membership continued to expand in the first six months of the year.
August 18, 2008
Big Banks Tighten Standards
The nation’s largest banks have tightened their lending standards in all major loan categories in the past three months, the Fed reports.
July 25, 2008
Fed Economic Report Takes Somber Tone
There is little good news in the Federal Reserve’s latest
Beige Book assessment of the economy.
June 23, 2008
Bank Economists Expect Slow Growth
Expect slow growth to continue this year and into early 2009, the Economic Advisory Committee of the American Bankers Association warns.
June 16, 2008
Beige Book Revels Widespread Weakness
The Federal Reserve’s latest Beige Book reveals an economy that was generally weak in late April and May.
June 09, 2008
Bankruptcy Filings Soar
Filings of all types are up by more than 30 percent in one year.
June 02, 2008
Industry Earnings Down, More Trouble Ahead
The FDIC gave the industry a bad report card for the first quarter and warned of bigger problems ahead.
May 19, 2008
FBI Warns of Rebate Scheme
It was inevitable that the tax rebate plan Congress enacted earlier this year would fall victim to fraudsters in some fashion.
May 12, 2008
Big Banks Tighten More
The big banks that are included in the Fed’s survey of senior loan officers are tightening up on credit across the board.
April 21, 2008
Beige Book Paints Mixed Picture
Inflation pressures increase, but mortgage and housing markets are mixed.
April 14, 2008
Farm Banks in Clover
Despite trouble elsewhere, farm banks enjoy clear sailing.
April 07, 2008
Consumer Loan Delinquencies Up
If you’re looking for the next source of bad economic news, look no further than recent consumer credit delinquency figures.
March 31, 2008
Presidential Candidates Tackle Economic, Financial Issues
As the economy deteriorates, it becomes more significant in the Presidential campaign. The three leading candidates have all made major economic pronouncements recently.
Paulson: Financial World Changing Fast
The brave new world the Fed created when it stood behind Bear Stearns will be a lot different from the past. Treasury Secretary Henry Paulson warns of changes ahead for all financial institutions.
March 10, 2008
Beyond Mortgages: Bair Cites Other Problems
It’s not just mortgages that are giving the banking industry headaches. FDIC Chairman Sheila Bair sees three possible sources of future crises.
March 03, 2008
Bank Earnings Show “Golden Age” is Past
It’s not just the biggest banks whose earnings suffered when the housing bubble burst, judging from the FDIC’s quarterly report on industry earnings.
